The capesize market may have paused for thought today, but panamax rates are still flying with huge increases seen over the past three trading days.
Rates increased by a huge $1,965 on Thursday last week and rose by a further $1,650 on Friday on the benchmark route for trans-Atlantic roundtrips from Skaw/Gibraltar.
Daily increases of over $1,000 have not been seen on the route since July 2018, according to Baltic Exchange data compiled by TradeWinds.
